9.1% Interest On FD? Here’s How To Open An Account With This Company

Fixed Deposits (FD) have long been considered one of the safest investment options. However, the low-interest rates in recent years have made them less attractive, leading many investors to seek higher returns elsewhere. In response, Airtel Finance, the digital financial branch of telecom giant Bharti Airtel, is now offering an attractive 9.1% interest rate on Fixed Deposits, aiming to bring back investors to this safe investment avenue.

Airtel Finance Introduces FD Facility

Airtel Finance, the financial unit of Bharti Airtel, has launched a new Fixed Deposit (FD) facility. The company has partnered with leading Non-Banking Financial Companies (NBFCs) and Small Finance Banks to offer this service. Users can now invest in an FD directly from their smartphones and enjoy a high annual interest rate of 9.1%. Airtel Finance’s FD marketplace collaborates with various banks and NBFCs, including Utkarsh Finance Bank, Shivalik Bank, Suryodaya Small Finance Bank, and Shriram Finance .

How to Open an FD Using the Airtel Thanks App

To access the FD service, Airtel users must download the Airtel Thanks App. This app allows users to view all available FD options, terms, and interest rates. With a minimum investment of just ₹1,000, users can open an FD without the need to create a new bank account. The Airtel Thanks App makes it incredibly easy to manage funds and invest in FDs with just a few taps on your smartphone.

Step-by-Step Guide to Opening an FD on Airtel Thanks App

The process of opening an FD through the Airtel Thanks App is simple and user-friendly. Here’s how you can do it:

1. Download the Airtel Thanks App on your smartphone.
2. Browse available FD options: The app provides a range of FD schemes and interest rates for comparison.
3. Choose your FD: Once you find the option that best suits your needs, proceed by selecting it.
4. Fill in the required details: Enter the relevant personal and financial details as prompted.
5. Complete KYC: Conduct the KYC process directly on the app for verification purposes.
6. Make the payment: Use your existing bank account to transfer the required amount to your newly created FD.

Once these steps are completed, your FD will be opened, and you’ll start earning interest right away.

FDs Up to ₹5 Lakh Are Fully Protected

According to the Deposit Insurance and Credit Guarantee Corporation (DICGC), deposits up to ₹5 lakh in banks are fully insured, ensuring your money is safe. Airtel Finance's FDs fall under this protective coverage, making your investments secure.

As per Anshul Kheterpal , Chief Business Officer at Airtel Finance, customers can enjoy a 9.1% return on their FD, with the flexibility to withdraw their funds anytime after seven days. Using the Airtel Thanks App, you can easily access your funds when needed, providing both high returns and liquidity.

With Airtel Finance’s offering of 9.1% interest on Fixed Deposits, it has become an attractive option for those seeking a safe yet profitable investment. The simplicity of opening and managing FDs through the Airtel Thanks App adds further convenience for users, allowing them to invest and earn from the comfort of their homes. Plus, with up to ₹5 lakh insured by the RBI’s DICGC, your investment is both secure and rewarding.